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Stock Market Highlights, June 14: Sensex, Nifty rises for 3rd day; Auto, realty stocks shine

Stock Market Highlights on June 14: The BSE Sensex gained 182 points, or 0.24 per cent, to end at 76,993 levels, while the Nifty50 shut shop 67 points, or 0.29 per cent, higher at 23,466

Image SI Reporter New Delhi
Bombay Stock Exchange, Stock market, BSE

Photo: Bloomberg

Closing Bell on Friday, June 14, 2024: Benchmark indices were quick to recoup morning losses to end the day higher for a third straight session. The BSE Sensex gained 182 points, or 0.24 per cent, to end at 76,993 levels, while the Nifty50 shut shop 67 points, or 0.29 per cent, higher at 23,466.

The 50-stock index hit a new lifetime high of 23,490.40 in the inteaday trade.

The gains were supported by M&M, Titan, HDFC Bank, Reliance Industries, Tata Motors, JSW Steel, Bajaj Finance, Axis Bank, and Ultratech Cement.

There were, however, strokes of record highs in the broader markets with the BSE MidCap (46,041.73), and the BSE SmallCap (51,259.06) claiming new lifetime highs in the intraday trade. The indices closed over 1 per cent higher each.

Among sectors, the Nifty Auto index gained 1.3 per cent, the Nifty Realty 0.8 per cent, and the Nifty Metal 0.7 per cent. 


3:49 PM

Tech View :: 'Next leg of rally likely to unfold in Nifty; Bank Nifty has stiff resistance'

Nifty50
On the daily charts, we can observe that the Nifty has been consolidating in the broad range of 23,200 – 23,500. The more it consolidates around this level, the more likelihood of a breakout in the coming week.

It has already been five days and we believe that a trending move is likely to unfold. The hourly momentum indicator has triggered a positive crossover from the equilibrium line suggesting that the consolidation has matured and can resume next leg of upmove.
 
Bank Nifty
Bank Nifty is facing stiff resistance at the 78.6% Fibonacci retracement level (50,050) and has been unable to sustain above it. The consolidation is now five trading sessions old and can resume its upmove during the upcoming week. Incase of dips towards 49,500 - 49,400 should be used as a buying interest for the target of 50,500 – 50,600.

Views by: Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas
3:44 PM

Currency check :: Rupee ends at 83.56/$ against Thursday’s close of 83.54/$

3:43 PM

Broader markets :: Mid, SmallCap indices end over 1% higher each after hitting record peaks

3:41 PM

Sensex Heatmap :: Gainers and Losers tie on index

3:40 PM

Closing Bell :: Nifty ends above 23,450

3:38 PM

Closing Bell :: Sensex ends nearly 200 pts higher

3:26 PM

Market Check :: Top Sensex contributors at this hour

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GMR Airports

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Zydus gets tentative nod from USFDA for blood pressure lowering drug

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Zydus Lifesciences, Zydus
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Nalco logo

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2:14 PM

IPO ALERT: Bajaj Housing Finance files DRHP; Hyundai next in queue

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Hyundai expected to file IPO papers today
2:05 PM

DCX Systems share price jumps 9% on bagging multiple orders; check details

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Sensex, BSE, stock markets

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First Published: Jun 14 2024 | 7:31 AM IST

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